Dow Corning results up on silicone sales

10:35 AM MDT | July 30, 2014 | Lindsay Frost

Dow Corning announced its results today for its fiscal second quarter, with marked improvement in silicone sales in most geographies. The company says there was also significant growth in transportation and electronics applications. Net income of $109 million was up 25% year-over-year (YOY) on sales of $1.5 billion, up 5% YOY. The company also says profits in both silicones and polysilicon segments were tempered by inflation from raw material costs. “We had a strong first half of the year, as our team committed to returning Dow Corning to a trajectory of...